Question

Qi. Prepare accounting equation of Mr Bajaj from the following information
(5)
1. Started business with cash 2,00,000; Bank 1,00,000; goods 1,00,000; machinery of 2,00,000.
2. Loan from Bank for expansion of business 5,00,000
3. Goods costing 25,000 sold for 40,000 to Suresh, half the amount received in cash
4. Accrued interest on Bank deposit rupees 5,000
5. Loan repay 10,000 and interest paid on loan 8,000.
1 Add file​

Answer 1

Answer:

and the correct answer is option 3